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H-P to Unveil Major Restructuring

Hewlett-Packard
Co. is expected to announce a restructuring at the giant computer and printer
maker on Tuesday, a person familiar with the situation said, in what would
likely be the biggest action so far by new Chief Executive Officer Mark
Hurd.

Details of the restructuring couldn't be learned and
the timing of the announcement could change. Some Wall Street analysts say
thousands of layoffs could be involved. An H-P spokesman declined to
comment.